An expansion of retail space in urban centres is currently under way in Myanmar, as the country targets the creation of “destination” malls, similar to those that have proved popular in much of South-east Asia. In Yangon, Myanmar’s commercial centre, total retail stock stood at an estimated 171,078 sq metres of leasable space at the end of the...
At least 330,000 people move to Yangon every year from Mayanmar’s rural heartlands or its townships in the hope of finding work. The city’s population is expected to reach nearly 10m by 2035, almost double the number registered in 2013.
Myanmar’s construction industry has expanded rapidly in recent years. The sector’s GDP growth amounted to 7.7% in fiscal year 2014/15 and is expected to grow to 8.3% in 2015/16. Despite political risks, Myanmar’s development needs remain significant, particularly in infrastructure. With the victory of the National League for Democracy in November 2015, it is expected that 2016 will see an...
Many have hailed Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period the country’s economy has gone from being largely isolated to being a focal point for foreign investment.
The construction sector has both benefitted from and sustained Peru’s macroeconomic growth, as private and public building projects together have allowed the sector to experience repeated years of expansion. Though this rhythm has seen a deceleration recently, the sector continues to be an integral part of the Peruvian economy, and will be...
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